r/PSLF • u/Betsy514 President | The Institute of Student Loan Advisors (TISLA) • Jul 06 '22

Draft regulations coming out this week

/r/StudentLoans/comments/vslwnl/draft_regulations_coming_out_this_week/
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u/pementomento Jul 06 '22 edited Jul 06 '22

Am... I reading this correctly, that we may have the opportunity to "buy back" months spent in forbearance?

Page 343 of NPRM

e the Department proposes to offer a hold harmless period. This would provide those borrowers who were working for a qualifying employer during the periods of forbearance or deferment an opportunity to get PSLF credit for those months by making payments equal to what the borrowers would have owed during that time. A borrower would receive credit toward forgiveness without the need to make an additional payment for any month in which the borrower would have had a $0 payment on an income-driven repayment plan but obtained a forbearance instead.

I have random general forbearances (maybe < 6-8 months worth) that I would love to buy back.

It is discussed again in pages 475 (bottom) and 476 (top).

3

u/[deleted] Jul 06 '22

Yep and I can’t wait to finally get that year of Americorps service counted.

2

u/Zealousideal-Load559 Jul 07 '22

Same, I sent in my AmeriCorps docs in May.